Charity r•gistration numbèr 1157894 (England and Walesl FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustee¥ M Saunders L McLellan D Burd SKee L Herlwig SRip M Forster (Al4)ntert 14 Detwnber 20241 IAFvointe(114 Dewnber 20241 A Hawkn)s Charity number 1157894 Principal addre 9 Faslone t Chesler SIe1 Co Durham DH2 3ST Indopvndent examiner Robson LaklerA¢£ountard5 Limited Fer00d Hse FefrThYoL¥J Road Je5morwJ VPDn Tyne NE2 1TJ Bankers TSB Bank PLC PO Box 453 Mrtthddean GL14 9LR Hampshirè Tnjst Bank PLC 80 Fenthwth Street London EC3M 4BY Mcw Sundèrfand SR43 4JB monmouthshi Building Soriaty Monmouthshirè House John Frost Sqtwe NP20 1PX & coun1S Bank Charnwoc#J Court 5B New Wdl( LeKe5ter LE16TE
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION CONTENTS Pag• TnJst8es' report ndependent examiners reprjrf Slatemenl ol financkal a¢111 Balance sheei Noles lo the statements 10-17
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Imee$ piesenl their annual feport and finanoal $l¥tornenls tl yew ended 31 0(aobe¥ 2025. The Freeman Heort & Lurlg Transplanl AsslatIon v6 a feg151ered charity lregislrab.on number 11578941 aThJ is also reg15terwJ as a Charitab Incwaled Oryanisation ICIO}. Objectives and aetlvltlo8 The objecbves ol the CIO are.. 1. The preseThation proledTh of good heath Ihe rdief of svness ol heart and lung transplant palEnls and former heart and lung transplant patients ol Ihe Freeman Hosprtal. Neweaslle upcn Tyrt. who afQ wck and convaleson9 by. {al Providig all aThl sw)(1. eilhw general or spear, in any maltef to transF4onlation. {bl Providing speafK finanoal assistance. il neEded. bul for purthase ol medical equiFenI to irrprove the paent's u$nd0ns ol lrfe and whèrè wjssible medit reseafth to develop proSeS and procedures to Improve qualily 91 h.fe ol heart and lung transplant pabenls. (c) PrId19 and assrstir¥J, where possle. in the ww.gon of wnenth.es in Ihe Freeman H()splal. including equipment and lo the lurtheran( ol edwalK)n m staff fw benefil of hgart and luThJ Ifan5pl8fi1 patsenls. 2. To advance the education of the pubk in the needs of Iransplani patients and lo nthliso. encwra9e, 108ter and IaIntaIn the inleresl and 3upptMt of tlp pukAiG in tranSarrt hosprtal5. 3. The preservaliwi and FYoteclK)n ol gcKY heah the relief ol sicne5s by promob.ng by aiy lrful charitab means the need l( organ do[tKIn and Ihe •np(¥tance of the tlDnor fegisler. Publle benefit The FHLIA have referied lo the Charity Ci)mmissK)'s gua on publi¢ ben¢fit when tEvEwir7g (wr aim5 objeetives and plaming futuie aclithtw. Achievewnenls and perfOance Charltabl# 4ctivtlio¥ In thè year 2024- 2025 Ihe Board foojsed on- Christmas induding Annual General Meeting 2024 - bn"nging t(yJher our transplant communfty. FHLTA evÈnts- induding Xrnas e¥enl and our FHLTA Connecling Ihe Transpknl Community family day Irips lo York Races. Aston TcA¥er5 Afterrh)on lea in Scolland and Northern Irela1 al a COSI or £8,021.47. Medical Conferere$ - 2 docoT5 and 3 nurses wwted to atte methcal ujnfarens around cardK> thoracic ItansplantalKM) and n9 transportation al a tsjsl 01 £2.380.73. Patient and larnily 5UPPOrt furKI enlrusted lo Ihe Ad1 and Chiklren's Sood Workers finanGkAI 5upporl lor familS in financial hardslw- al a o)sl of £10.000.00. lo prowde Additional patient and famity in Ihe form of ¥ouoers for emevJenaes and speofic fundirg ieque515 and catering lor the NHS N8+KaS1 T1 Transplant Annwersary Event - at ¥ cost ol £2,587.16 Mgnlal Heallh 5UPPOrt - restanCe band5 and FHLTA lag5 wrchased lor psychokjgy team lo use alongde physio for Pfe-hab aThJ bespoke medicatK)n dianes fof twsplanl unil and diniG to 5UPPOrt with keeping on track wrth medKatKsn and cthecks needed io slay well- at a eost of £1388.77 Further coll oul of FHLTA Bag5 with Love Pfojeia alljgh uThJer bJet was al a cost of £872.05. These bags are to 5UPPDrt patienls on wards at Freeman Hospitsl awaikn"ng. or who ha¥e (nIty received a heart andlor lung Iran$an1.
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Additional items for flats 1jdIng replment mKfw¥es. Tvs )¢J the alI1)n of laffys lo each n8l- al a cost 01 £847.8S. F. insurance and maintÈnan¢è WFI of Ihe 2 FHLTA slatic cayavan siled al Whilley Bay Hdid8y Park and Tattershall Lakes Country Park at a cosl ol £ 28,076.SD. British TranSant Games went ahead th year in OxlLYd arxl the Worfd Transpknl Games in Dresden we supwled transplant alhleieslpatKqnts to attend at a total cost of £ 17,266.09. Fundraising even15. donabons arxl mgmorth - p"ents. lamih.es supporters or the FHLTA have rased an amazing £108.S38 in SUP ofwh#t wo do. Thank you to everyone. Financial revlaw Trnjslèès ace confidènt thal thè FHLTA contiftue5 to be in a stable financol positr'on f 8 Smal chwity and are positive aboul Ihp cenIS this year and how the cthacity is running_ Al the end of this financial year Ihe FHLTA'S accounts reported an inu)me of £148.Cfj7 and an expendrtwe of £1.173. Reserve The fHLTA lo have reserved funds of £75,CIXI this fin#rKwl year, whKth is rewewed by Ihe Truslees annuamy, to act as a buffef to cover". Conlingency. unexpected exFendrture in Ihe evenl of an ernergenry.. Cash-fli)w". siluafions wheFe a bll msjsl LE paKI before the money lo cover il ha$ L%en re1ved,. CommitmÈni'. a trjmmlmenl to expendttLwe which nn01 be ¢overed by the annual iWJme: Ckjsure the charity tecomes financialy unsuslainaL4e and has lo be wound up. Flee reserves at Ihe yèar end werè £402.190, wfv"¢h is higher Ihan lo hd. Th"s is in part due to ¥ery generous ILJndraising in 2024 and 202S and linitations to spend due lo Ihe var%)us challenges we have encountered iioled below. The Trustees have to utili5e Some ol these excess te5erves in Ihe projects noted wrthin Future Plans. Thè Trustees are looking to Èxpand Ihèti remrt regarding expenditwe to allow the charity lo support more peoF4e. The year has not gone wth(&rt $on isgjes and chaknges. K)(knlry.' Medical Research". FHLTA did rrfjl recei4E lundry appl11[¥ fty medal ReseCh across this finanrial year. %Yhich was Un0Cted. This is scmnething Ihal thè Tmsleès have little ¢onlrd over as the need comes from din h0¥Xl st•lf. In the next finanryal year we plan endeavour to have more convers*'ons 4vilh ndI staff al the Freeman Hospital lo keep up lo date wth any opwurties that may arise. medal ConfeTrnce". FHLTA has funds desFgnaled lo support 8 applicatic$ from medical staff 1h £1.000 00 lowards tosts lo atlend the Inlemational So(¥ety lor Heart and Lung Transplanlation IISHLTI. The Trust continue to be short staffed. lThfe¥er: 2 dcttors Came forward and were supporteos lo attend. In the next finanual y¢a¥ Trustees plan to exlend fur¥Jing apt4icaknn requests fo¥ Medical Conferences lo sur4JOrt with olhèr relèvant traIg and cortlerences. such os the EVLP Exvivo trainino. Transplant Oulpatienl Venth'ng M¥hine". FHLTA3 hope lo Je a1 mainlain 8 venlk'ng machine for tranSant outpatienis contM)ueg lo comè up Jyainst SO NHS restricltons, tgh we are $lill trw'ng lo ensure this happen5- no fvrther forward srnce lasl AGM. Going conc•m The Truslees have performed an assessment ol ihe Chartys ability to conbnue as a gng concem, by relerer lo foieGas15 and workn.ng c•ylal requirements for a period of 12 months from Ihe dale of approval of these firtancial slatements. The Tmstees are sab"sfred that Ihe g(xng coneern basis of preparalion for these financial slalernents is appropriate.
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION TRUSTEES, REPORT {coKfiNUED FOR THE YEAR ENDED 31 OCTOBER 2025 Rl$k$ The trustees have a duly io thnlify a1 review the nsks to whtrth the charity is exrx)sed and lo enslbre appropriate controls ale in pla lo wovide reasonable assurance 398iris1 fraud and error. Chaw's prInpaI financial inslruinents Comprise cash arKI $h èquNalents. (Xher financial assets and Iiabililies. such as Irade L¥edilors and Irade debtors. arise diieclty Irom ihè Chanly's cwlrrtj acbbe$. The main risks assoaaied wilh thé Charily's Iinanual assets and IN4ts"1rts are Sel out below. The Charrty does not undertake any hedging activity and any SraTrI fina31 risks are addressed on a Base-by-case basis. Interest rate rlsk The Charily ifivesls 5wphJ5 tash in floatwig rate inierest er.a bank aeoiunts. Iheief(xe financ5al assets, lerest inc(Kne and cash flows can be alleded by movements In interest rates. Hth¥eYer. Ihe Trustees do Th)t efjnsttler there to be any &gnific3nt ÈX$urè_ Thè Charity has no bank iN)rrn9$. Prl¢e risk There is no signtfkcant exFrf)surg to chys car"ng value of fan¢1& frabililies. Credit ri$k The Charily's sxAicy is aimed at minimisng suth k)sses. Indiwdual exposures and (werdue debts are mtsnilored with ¢u5tomers to ensure that the Charitys exposure lo bad d2b15 15 not Sn1can1. Liquidity risk The Chaiily aims lo mitlgate hquidity nsk by managiro cash 9eneraled by ils c¥)erions. Flexiblily $5 maintained by ielaining surplu5 cash in readily *ces¥th bank flepD¥it Jts. Limits on spw¥Jiw aulhority ale in place. Foreign curroncy ri¥k Th¢ie are minvnal transactions n loreign (nCY. As a resLII. rn he¢Jging is undertaken lo mrtigale this VO8tm•nt poli¢y The Chariiy enswtt Ihal any investment strategy rt adopts doès kxrt at ad%erse risk any ol Ihè assèis it i% responsible I. Funds are aCed on deposit al thè hTrghe51 possible inleresl fates. Wlstent th IAsh requirèmènts.
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 FUTURE PLAN5 The FHLTA ams to conlinualy meèt thè (WNÈS sei oul in its governing doww)t. The FHLTA Trustees will Ineel regularly throughout the year lo rewew Ihe accounts. tr4Jdget expenditure againsl lget. The Treasuiei will provide a montlty rewt aThJ access to h¥e &count records as requiied. In 3J25-2026 budgel we have added in o)s1s ISBsignaled lor FHLTA events as we are anrllng lo.. . Coniimje FHLTA Days outrFHLTA ev8nts. across the UK co¥ering England. Irèland arKI Scolland. briwing together transan1 community and famihes. Su99e51ion5 gathered trom FHLTA patnls and fatNlies al Ihe AGM. reY stsrted thi5 Vlith pantomime I(ets for Jar¥Jary 2026. sup[ dodors and nur¥es ofthe tnstrtute of Tfanst4anl al the Freem Hoswlal with Medul conference tra.nry aThJ researth %we we un. Contads made vith P5yth0l(sts TWOlg togethef %ith p.0S on a pfogramme that we are hopirfj to support to bettei pa11enl wdlbwng. Plan to The81 in menlal h8allh wekn.ng more ovar the cori yÈp/- ideak lo look al wellbeing apps aTht 97 memterships as well as S11n9 the aboby nEnlioned pwamme. Promde voutheis foi patienls. enlwsled lo Ihe 5(Kial Workers, who are longer leim on the ward14 weeks +1 lo be able lo order locrtl lo eryoy lo bnng some (xmfort. Or lo FHLTA pabent who thèy feel in ss ed of this, Plans fo h¢)kl 3 furthei Chvistma5 eiMIt 1cOa9 AGM). Budget golng fornard- Designated Funds De5ignaled funds lor rnedl rese1. £ x).000.Ixi Oe5ignaled fuiids for FHLTA bag5 wrth k)b-. £ 2.000.C Designated funds for Mèntal Heallh". £ 6.000. Designated fuf7ds for r[dal c(lerenCe.. £ 8.000.W lup lol Designated funds foi SOC workw Iransplanl patnt supwJ1 lund £ 12.000. Designated funds for FHLTA patntnamity support £ 5.000.CQ Designated funds foi FHLTA e¥enls £ 12.(XMI.(X) TOTAL for designated funds- £ 7S.000.00 R•stricted funds: Funds lor the purpose ol that SFecified by ts Ferson(sl donKvJ or raiyng the I(1$. These lunds w41 be recorded sepaiatdy. R•s•rvès The FHLTA to have reserved additional lunds of £40.IJOO dUrij this finaneAal yoar. is reviewed by the Tiustees annually, lo act a$ ¥ bullei lo cover Conlingency. unexpèetèd èxpendilure in the event olan emefgew." Cash-flow". 51tL¢ats'ons where a .41 nMJst be paid before the money to cover it has been reeeNed.' Commrlment a commitment to expendituie whith GanrK)I be covered by the annual income". Ck)sure'. the tharity bècons finan¢ialty LMtsUsinat1e and has lo be wouThJ up.
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION TRUSTEES. REPORT (CONTINUED> FOR THE YEAR ENDED 31 OCTOBER 2025 structure, govemance and manaygmont Governing document The charity i¥ wntrolled by its g¢)vernng doojrnerf. a deed ol trust alld C(S111UleS an uninccyporated charity. The Iru5tees ivho served during Ihe year and up to Ihe dale ofswatufe ofthe fmancial %talemenls wèra.. M SaurKlers L McLellaii D Burdon J Comb A Lambert SKee L Hertwig S Rirley M trorsler A Hawkins {Deiz8sed 28 January 2025) {tknased 19 Febwary 20261 IAppointed 14 Decembei 20241 (Appoirited 14 Dec 20241 Recruitment and appointment ol n• trustèes From lime lo time il Is necessary for Ihe Charty to recfuil new Tfustees to rOace those that have ther resi9ned dUrir their of oire. or by way ol anbupating planned retirements after the ¢(npleti of a srngbe term of three years. When a vac2nty wcurs. the PA)ard WAI delemiine the of skfijs and expenence needed so as to en$ a fully lunclioning ledm of Trtt$lees and wsll seek to Klentify indmduals who appear to have the qualibès and inlerèsl in what we do. Arter falr assessment by a pa1 of the Boord. a prtfwd apph"¢ant IS Tecommended fc app(Mnlment. The luslees' ¥ep<KI was apFffoved by the Board of Twstees. L McLellan Tiuslee O Burdon Trustee Dated. ,.lJ.i.Ja4. ....
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FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 Current financlal yèar Unrnstri¢led Restricted lund lur)d 2025 202S Totsl Total 2025 2024 Income and èndtswments from: Donations and lègaciés Charitable a(#Jvitie5 Other trading adilIeS Investments Oiher incane 11.7Y2 16.704 98.477 21.094 11.72 16.704 98.477 21.0 13,899 16.189 218.106 10.125 12.950 rotsl income 148.067 148.067 271,269 Expenditur• on.. Raising funds Charitat4o actimtks 13.529 .736 13.529 92.584 9,263 137.595 1.848 Totsl expendlture 104.265 106.113 146,858 Net Incomell*xp•ndIr9} and movement in funds 43.802 11.8481 41.9S4 124.411 Reconciliation of funds: Fund balances al 1 Noventsr 2024 544.823 548.463 424.052 Fund balances at 31 October 2025 588.625 590_417 548.463 The slaternenl of financi41 aCttIeS indudes all gam aj losses reccoJnisod in the year. arxj expendituie denve from continuing activitS.
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 Prior financial year Unrestrl¢ted fund 2024 Restri¢ted fundj 2024 Totsl 2024 Notes Incom• and eftdowThnt$ from: Donations and1È9aC Charitable aclivibes Other tiading adNrties Inve51menls Olher income 10.099 16,189 218,106 10.125 12,950 13.899 16.189 218.106 10.125 12.950 Totsl In¢tsme 267,469 3,8[ 271,269 Expendituro on: Raising funds Charrtablè aciple$ 9,263 134,880 9.263 137.595 2.915 Total expendlivre 143,943 2.915 146,858 Net Incom¢ Jnd movgmont in funds 123.526 885 124.411 Roconciliation of funds.. Fund balances at 1 November 2023 421,297 2.75S 424.052 Fund balance5 at 31 October 2024 544.823 3.640 548.463
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION BALANCE SHEET AS AT31 OCTOBER 2025 2025 2024 Fixed assets Tangible assets 14 111.435 127.952 Current ass•ts Debtors Cash at bank aThJ n hand 15 6.114 474.027 3.314 419.091 482.141 422.405 Creditors.. amounts fallln9 du• wlthin ofle year 16 13,1591 11,8941 Nèt currènt as*•ts 478.992 420,511 Total a8s0ts le¥$ current liabilities 5W.417 548.463 Thè fund¥ ol th¢ charity Rèstricied income lunds Unrestnctèd funds 17 3,640 544.823 588.625 s.417 548,463 L McLelan Tru$tg9 Truslo¢
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Aeeount5ng polleig$ Charity information Freenian Heart & Ltjng Tran5Ptant AssoaalKm IB a charitab In(ra ofganisab.on ltharily number. 11578941 registe¥ed in EnglarKI and Wabes, The regk£tered ofke and other statulory information is shown on the conleiils page. 1.1 A¢countin9 convention The firianckil statements have been prepared ac£ordance wlth the Ch¥rts Ad 2011 and "Attottnting and RepcYting by Charities.. Slalement of Recunmer¥Jed PiadKe ap1(able lo chartie5 preparing their acGOUnts in accordance w61h the Financ4al RWrtIr stsndaid asw"cab in Ihe UK KI Rewblic ol Ireland IFRS 102) lellectNe 1 January 2019)" The charity is a PL¥bhc Denefii Entity as defined Iiy FRS 102. Thè tharity has laken Y¥ag9 ol Ihg provisK$ in the SORP fof rthants applyiiig FRS 102 Upde Bulelin 1 That to yepare a Statement ol Cash FkAYs. Thè finar13[ slalernenls are epad in sterfing, whith is the t(N)nal (re of Ihe charity. Monetary amounts in Ihese knanaal statements we routled lo noorest £. The financia si3temenls have been Weped uKler the h1#oral cost C¥7.. The prin(Jpal ac£ounlin9 FolleS adcyied are sel out beh)w. 1.2 Going concem At thtr lime of approiring the finan(J stemenls. Ihe Iruslees have a reaSeable expectalion that the thBrily has adequaie resources to continue operalK 2$tence lor the loresÈèabbè futurè. Thus the iiuslees continue lo adopt the gn9 concern basis ol ac(x)tin9 in warin9 the finanual statements. 1.3 Charitable funds Unièsiriaed funds are availabl8 fv use * Ihe d15ueb.on of the trustees in furtlr8nce ol Ihdr chariiab obiectives. Reslricled funds are Sl"eCt lo &)n(thtions by donL¥S or granlLYS 88 lo hcr4V tlw may be used. Pltrposes and uses oTthe re¥lnded furbjs we set (rt in Ihe ta$ lo Ih@ financial statemènts. Erxlowment lund5 are sUbt Io SFeik conditsons by dontsrs that Ihe al musl be maintained by the Charty. 1.4 Income All income Is recogRised in the State1 of Finan(xal PLlivilie5 the charily has ents'tlement to the lds. it is prob4tAe that Ihe itKome be r1ved and Ihe aMot can be measured rdvatdy. 1.S Expenditur• Liabilities are reeognisèd as Èxpenthlure as soon as there is a al of conslructive obh"galion commrtlng I tharily lo that expenditure. it Is probatle that a Ifanslei of econom benefils wil l)e required in setllernenl and the amount of the obligalxjn wi nEasuied rebaw. Expenditure 15 L)Unted lor on an acLruals ba51s and has been classifd under headmgs Ihal aggregale all C051 relaled lo the category. Where IyJ5ts Gannol IE direGtty attnbuled to partuL3r headings they have be allocated lo aCtiwtS on a basis cJnsislènt wlh the use of $ryjr. Grants offered subiecl to Cdrfions whrh hm wl been mel al the yeaT end dale aTe noted as COffnItMent but not acAyued as expwdrtwe. 10-
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Aceountlng pollcles Icortlnuedl 1.6 Tangibk fixed assets Tangible fixed assets are ffleaed al ¢st and subseynlty mÈasvrÈd at cost or nei of depreeialion and any imp•rrnerf lo¥se¥. [W>re{iatk is recOgThl so as lo lie off Ihe $1 c vakob.on of assets less their &dUal ¥aS over their useful h"¥es on the fOvthng bases.. Fixtures and filb.ngs Sltaight 0( 10 The gail or loss arising on the thsposal of an asset is delerThned as Ihe differertt belween the salt proceeds atKI the cairying value of Ihe a55el. armj iecogni5ed in the slalernent ol financial activities. 1.7 Cash and eash èquivalents Cash and cash equivatenis ChlÈ cash in hand. deposils held al cal Wilh banks. oihÈr short.ièrm liquid investments %wlh origwwl malurrtE5 of Ihree rrths or le55. and bank overdrafts. Bank overdrafts are shown withln borr(wings in currenl liabililies. 1.8 Taxatlon The charity is exempl Irom tax on ts dlaritable a¢ti¥#S. Income from don•tlon8 and legacles Unrestricted Restricted fvnds funds 2025 202S Total Unrestricted Restricted funds fvnds 2024 2024 Total 2025 2024 Donalbns and gifts 11,792 11.792 10.099 13.899 Incomo from chatitabl• aetlvltl•& Unrestrlcted funds 2025 Unrestrlcled funds 2024 Charitable income Income frorn 5erwcps 16.704 16.189 Income Irom other tradlng a¢tlvltOes Unrestrictgd Unrgstricted funds 2024 2025 Fundraistng events 98,477 218.1C 11
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 In¢omo from In¥e$tn*nts Unrnstrieied Unrèstriet•d funds funds 202$ 2024 Rental incLxne leiesl receivab 5,301 4,824 15,646 21,094 10,125 Other Income Unrestricted Unr•strict•d funds funds 2026 2024 Nel gain on dispjsal of larrfjth fixed assets 12.950 Exp•ndlture on rnlslng fvnds ilnr¢¥tri¢tgd UnrP¥tri9d funds funds 202S 2024 Fundrnising and pubkity Slaging fundraiwng events 13.529 9.263 12-
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Exponditurn on chari¢able •¢lJ¥llles Charltsblè Charitablè expenditure expenditure 2025 2024 Dlrtet eosts Depreciation and impairment Insurance Telephone Computer sofare & games Games and specrdl events Olor and travel Hospital purthases Caravan silè ¢osts 16.517 219 1.992 5,843 16.883 4.170 15.234 29,170 18,375 439 3,823 5,609 11,293 5,173 61,635 28,176 .028 134.523 Sharo d¥upport and go¥•rnance costs (se• note 91 Support Govemanco 1,320 1,752 1.512 92.584 137,595 Analysis by fund Unrèstrirled funds ReslriGted funds 134,660 2,915 1,848 92.584 137,59S Support Costs Support Govemanc costs ¢osts 2025 Support GOvprn4g ¢osts 2024 SLmdrie5 Postage and statio 542 502 542 670 650 870 650 Independent eXaMalK)n fees 1.512 1,512 1.752 1.752 1.512 1.320 1.752 3,072 Analysed i¢een Charitabk adivilies 1.512 1,320 1.752 3,072 13-
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 10 Net movement hn fvnds 2025 2024 The net mo¥erncnt is Stated after charginty{credilryl'. Fees payabfe for the independenl èxaminab.on ol Ihe dwiws fxwioal stalemeriis Depreciation ol owned tarw31e frxed assels Lossllprofrtl on disFrf)sal ol tawible fixed assets 1.s12 16,517 1,752 18.375 112,9501 11 Tru¥leo¥ There were no trustees. cemunefaiKM) Of olher beneffts ts the ar ended 31 O¢Xobec 20ZS nor for the year ended 31 Ikiober 2024. Trustees. expenses During the year S Iiusleg¥ were pabj expenses for phone and travel cosls lotalliro £3.252 {2024.. 7 Irusl¢o$ paid £6.3661. 12 Employees Thè average rnonlhly nurnber of thrirYJ the year was.. 2025 tMber 2024 Number Total There were no èmployeès whose annual rnneral was mfxe Ihan £60,1)xi. 13 TaxatSon The charity 15 exempt from taxation on Fts xti%it*s becau all ils is applied for dTrtable wrposes. 14-
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 14 Tangible fixed ayJets Flxiuths and fittin9S Cost At 1 Noven)er 224 200,070 Al 31 oober 2025 200.070 Depr•¢Sotlon and impairnnt Al 1 Novembei 2024 Depreciabon charged in the yeaT 72.118 16,517 At 31 October 2025 88.635 C•rrylng amount Al 31 Ocloter 2025 111.435 At 31 Oclober 2024 127.952 1S Debtor8 2025 2024 Amounts falling due within one year. Trade debtS Prepayments and ac47ued inrxx 1.017 2.297 7.618 8.114 3.314 16 Creditots: amounts famlng dug fithin on• y1 202S 2024 Trade creditors Accrua15 and defgrred irKorng 1.257 1.902 574 1.320 3.159 1.894 15-
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 17 Re8trlctèd lund$ The reslricled fuThJs of Ihe charity ethry)rise the unexperKkd balances of donation5 aThJ grants held on trust subject to sF¢¢if ¢ornIrt$ tyy don(xs as to Ik)w they may be used. Balanc• txponded 31 Octob•r 2025 1 ¢M¢r 2024 Flals TaiAels Trai)Wanaiion Unrt ArNvo I,S72 {8481 724 1.068 11,IXXJI 3,640 11.8481 1,792 Flats fund: This fund represents dwatM)ns red f upkeep of fiats Tablets fund Tlii5 represenls donations txjrchase of Fire tsblets whith are lo be allocaied lo iTansplant wards Transplantstion Unlt Artwork The fynd represen15 funding received kn arN¥ork lor the TranSp13)n Unit 18 Unresth"ct•d lunds The unrestiicted Iwds tsl compnse the unexrerbyed bams ol (hMaknons and antS whith are nol subject lo specific colIn$ by dorK)TS and giant($ as to Ihey may be used. Thtr5e snclJde designpled funds whK have been sel aside out ol eStrted funds by the trustees specific ptsiposes. Ati In¢omlng November resourc•s 2024 Resourc93 expended Trnn$fws Al 31 Octvber 2025 Desi9nated funds General funds 125,2001 I79.5) 21.2(K) I21.2) 75.000 513,625 465.823 148.067 544.823 148.067 1104.2651 588.625 Pr•vlous ygar: At1 Nowmber 2023 In¢omlng rg¥ourcg¥ Resources Qxpendgd Trnn$fers At 31 October 2024 Designaled luThJs General funds 77.(M)O 344297 (61,5781 182,3651 63.578 {63.578) 79.OCMJ 465.823 267.469 421.297 267.469 1143.9431 544.823 16-
FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 18 Unrestricted funds Icontlnuedl The 3Lx>ve fijnds have been thsy)aled lor Pu0¥e5 set oul in the trustees fepci. 19 Anatysis of nèl as$•t bgiwwn Unfestricted Restricted funds 2025 Totsl 2025 2025 At 31 October 2025: Tangib assets Current assetlabltIieSI 111.435 477.190 111.435 478.982 1,792 588.625 1,792 590.417 Unrestricted fund8 2024 Restricted funds 2024 Total 2024 At 31 October 2024: Tangible assets CUrt as5elsllliablrts) 127,952 416.871 127.952 420.511 3.640 544.823 3,640 $48,463 20 Relaled party trnnjactions There were no disckjsable related party trans#S during Ihe year12024 - r101.